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, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who the heck it is. we have the highest corporate tax rates in the world and one of the lowest tax revenues. go figure. >> eric: they were spinning all this different directions. do we have it? the g.d.p. report it's negative growth time. how about this one. despite lousy g.d.p. report u.s. economy is primed to expand. it didn't look like it to me. good news in a bad g.d.p. report. good or bad? >> it's ridiculous. we have had --, no, i don't think so. we've had the worse single recovery in the history of the u.s. in fact the recovery is much worse b
, no he raised taxes. did ronald reagan raise or lower taxes? >> he cut the highest tax rates. you want to look at rates from 70% to 28%. now, is that a good enough tax cut for you? >> eric: what happened? >> we had great growth. when the tax cuts took effect, we phased in the tax cuts but when they took effect, it went like a rocket ship. we had 7.35% in 1983 and 5 1/2 in 1984. >> eric: and the tax receipts increase? >> there is some guys curve -- i don't know who...
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Jan 27, 2013
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or by the way the democrats are also talking about maybe an energy tax, like a gasoline tax. there is no political support there. that's why i think kim is right. if they are going to do this it's going to have to be through the regulatory angle trying to outlaw carbon in that way. >> james, why mention it so prominently or was this sort and switch for the environmentalists. you mention it re tore rickly and say i'm really behind you. in policy terms, you don't give them anything. >> there may be some bait and switch. i think this is the key. if he doesn't neeyd to get anythingt. through the congress, as the potomac watch column in friday's journal. >> kim strousal, there is a lot of regulatory authority they think they have. court decision a few years ago empowers them to regulate carbon. they think they are off to the races here. so this suggests to me that maybe the play is, with all of the business community expecting an approval of the keystone pipeline, the president might approve the pipeline but then really ratchet down on the use of the oilat going through that pipel
or by the way the democrats are also talking about maybe an energy tax, like a gasoline tax. there is no political support there. that's why i think kim is right. if they are going to do this it's going to have to be through the regulatory angle trying to outlaw carbon in that way. >> james, why mention it so prominently or was this sort and switch for the environmentalists. you mention it re tore rickly and say i'm really behind you. in policy terms, you don't give them anything....
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Jan 26, 2013
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, or the democrats are talking an energy tax, like a gasoline tax, kim is right. if they're going to do this, through the regulatory angle and outlaw in that way. >> paul: but then, james, why mention it so prominently, or was this sort after bait and switch for the environmentalists and mention it and in policy terms don't. >> there may be some bait and switch, but this is key. if he doesn't need to get anything through the congress, like the potomac swatch-- >> kim strassel. >> so well. they think that they have a court decision a few years empowers them to regulate carbon. they think they're off to the races here and this suggests to me that maybe the play is, with all of the business community expecting an approval of the keystone pipeline, the president might approve the pipeline, but then really ratchet down on the use of the oil going through that pipeline and i think he might be able to say to environmentalists. >> paul: how would they do that, they won't build this thing if they don't think there's a lot of oil that go through it. >> certainly the people
, or the democrats are talking an energy tax, like a gasoline tax, kim is right. if they're going to do this, through the regulatory angle and outlaw in that way. >> paul: but then, james, why mention it so prominently, or was this sort after bait and switch for the environmentalists and mention it and in policy terms don't. >> there may be some bait and switch, but this is key. if he doesn't need to get anything through the congress, like the potomac swatch-- >> kim strassel....
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Jan 31, 2013
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we know that people over 200,000 a year are going to pay 4-1/2% more in tax. we know there's certain stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you shock wed have had this anemic recovery? and we're not in a recovery. near a recession. >> one more quarter and we're in a technical recession as well. one more quarter of negative. let's talk about this for a little bit. so, what we really need is growth to come back into the economy. for me, ronald reagan, margaret thatcher, said let people keep more of their own money and then people invest in their businesses or invest in themselves go out to dinner, a movie. thatthat's economic growth. >> you're absolutely correct. and look, the numbers are clear. if we were growing
we know that people over 200,000 a year are going to pay 4-1/2% more in tax. we know there's certain stability. let's hope we wet through the debt ceiling crisis, and then you'll see the private sector invest. if there's one thing this president is going to be known for, he is all over the social issues, guns and gay marriage and healthcare but has done nothing to help this economy. and when you look at what jack will you and rob neighbors and gene sprawling did in the summer of 2011, are you...
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Feb 1, 2013
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it is getting smaller because of a tax hike last year. there is uncertainty over rising healthcare costs and government regulations. that may be slowing down job creation as well. all of this as the once jobs council quietly disbanded yesterday after meeting four times in two years. >>> one thing the president could have been instead of wasting so much time flaming others would have been to convene the jobs council it created and missed so much fan fair. >> when we wear the ridiculous criticism it is people from capitol hill who refused every growth initiative and jobs initiative the president has put forward. >> as far as the unemployment rate it will stay at 7.7 percent. we will find out for sure in about 3 hours. >> doug luzader in washington thank you so much. three hours from now we will be looking at the jobs numbers. you need to find out what the weather is going to be like of course. we have an update. >> heavy snow in some areas. icy conditions made things very dangerous. >> you have to be careful on the roadways. a little snow c
it is getting smaller because of a tax hike last year. there is uncertainty over rising healthcare costs and government regulations. that may be slowing down job creation as well. all of this as the once jobs council quietly disbanded yesterday after meeting four times in two years. >>> one thing the president could have been instead of wasting so much time flaming others would have been to convene the jobs council it created and missed so much fan fair. >> when we wear the...
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. and save hundreds with our best offer yet, now extended due to popular demand. get an adt security system starting at just $49 installed, but only for a limited time. that's an instant savings of $250. don't leave your family's safety to chance. call or visit adt.com/tv. [ woman ] we had two tiny reasons to get our adt security system. and one really big reason -- our neighbor's house was broken into. what if this happened here? and since we can't monitor everything 24/7, we got someone who could. adt. [ male announcer ] while some companies are new to home security, adt has be helping to save lives for over 135 years. we have more monitoring centers, more of tomorrow's technology right here today, and more value. 24/7 monitoring against burglary, fire, and high levels of carbon monoxide starting at just over $1 a day. now our best offer has been
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. and save hundreds with our best offer yet, now extended due to popular demand. get an adt security system starting at just $49 installed, but only for a limited time. that's an instant savings of $250. don't leave your family's safety to chance. call or visit adt.com/tv. [ woman ] we had two tiny reasons to get our adt...
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Jan 31, 2013
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i think it is a tough question to answer. >> bret: get down to brass tax here. votes, getting it through. what does it come down to, chuck? today, after the hearing, armed services chairman levin said i think he advanced his own cause here today. i don't think on the left and the right, according to twitter and e-mail and facebook and everything i read there were a lot of people who agreed with the chairman. >> well, the chairman is being loyal and saying what he should say in that regard. but i know that there -- as far as i understand, once cochran announced his support, previous to today it's probably the last one. are there going to be democrats who go wobbly? look back a few weeks and remember the schumer primary so to speak on the hague hague nomination. thought to be pivotal. he decided to take the plunge and support him. will the performance reverberates the way obama first debate performance did through the blo blogsphere and o forth, that's what you watch for. >> bret: senator graham was probing and he had tough questions but he got a concession in tha
i think it is a tough question to answer. >> bret: get down to brass tax here. votes, getting it through. what does it come down to, chuck? today, after the hearing, armed services chairman levin said i think he advanced his own cause here today. i don't think on the left and the right, according to twitter and e-mail and facebook and everything i read there were a lot of people who agreed with the chairman. >> well, the chairman is being loyal and saying what he should say in that...
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region you should not start enbrel if you have an infection like the flu tell your doctor if you're prone to infections, haveuts or sores, have had hepatitis b, have been treated for heart failure, or
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain,...
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if you are going to make america attractive for business expansion you don't increase taxes. you don't continue with this $1.75 trillion regulatory burden on our economy. that is number that largest in the world. that is what we burden our businesses with each and every year. president obama has done nothing but increase the regulatory burden. >> greta: i like politicians reach out to people with particular expertise to solve problems. but to form committees to look good and this one did not seem active committee. if it was active it didn't do well because the economy shrunk in the last quarter. where do we stand now? what are we going to do about jobs? >> we have to get our fiscal house in order. there are so many things creating a lack of confidence. it starts with getting the federal government fiscal house in order. >> greta: i know you voted no, but they extended credit card for the federal government. are we really doing anything to get our fiscal business in order? >> it starts out with flushing out a plan, a real viable plan from president obama. how about having the
if you are going to make america attractive for business expansion you don't increase taxes. you don't continue with this $1.75 trillion regulatory burden on our economy. that is number that largest in the world. that is what we burden our businesses with each and every year. president obama has done nothing but increase the regulatory burden. >> greta: i like politicians reach out to people with particular expertise to solve problems. but to form committees to look good and this one did...
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they won't charge you the tax penalty. so you have to insurance, have no access to health care but you won't have to pay that 1% tax. >> what happens to the estimated 5,000 kids? >> they don't 6 a solution to this. there is going to be millions of people that will fall into this glitch. this is something they did not anticipate. >> let's talk about this other situation that has just cropped up with health care. that is three years ago, congress created these panels. though -- tell us. what were the supposed to do. they never met. >> it's the work force commission. that was appointed in 2010 and like the one we talk about on the air and independent payment advisory board. this has 15 members. this one is making sure there is enough primary care doctors out there. especially in rural areas or nurse practitioners, someone to take care of people in underserved areas. i got to tell you back in the 1980s, they used to pay doctors to work in these clinics. you finish residency and go out to new mexico and we'll give you a stipend
they won't charge you the tax penalty. so you have to insurance, have no access to health care but you won't have to pay that 1% tax. >> what happens to the estimated 5,000 kids? >> they don't 6 a solution to this. there is going to be millions of people that will fall into this glitch. this is something they did not anticipate. >> let's talk about this other situation that has just cropped up with health care. that is three years ago, congress created these panels. though --...
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for economy while pushing higher taxes. what planet do these guys live on, shepard? >> shepard: economists seem to have a number of reasons if not an explanation for this. >> they also don't seem to be worried. in part, because most private spending categories like housing actually did better in the fourth quarter than they did in the third. nigel got of global insight says you get a better picture of the economy looking at the period from july through december. >> third quarter 3.1% that overstated the strength of the recovery. fourth quarter minus .1 that understates. average the two. we are around 1.5%. so i think that's the underlying pace we were showing in the second half of the year it's a recovery but it's soft. gault expects positive growth this year and not a recession. shepard? >> shepard: wendell goler at the white house tonight. thanks. the search is on for two missing workers after a landslide at a quarry. that tops our news around the world in 80 seconds. >> canada. rocks and mud gave way sweeping two construction trucks and pay loader into a deep grav
for economy while pushing higher taxes. what planet do these guys live on, shepard? >> shepard: economists seem to have a number of reasons if not an explanation for this. >> they also don't seem to be worried. in part, because most private spending categories like housing actually did better in the fourth quarter than they did in the third. nigel got of global insight says you get a better picture of the economy looking at the period from july through december. >> third...
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. >> you're paying 8 or 9% in sales tax and now this. in some states, this is illegal. >> yeah. okay. here are the lucky people in california, colorado, connecticut, florida, kansas, maine, massachusetts, new york, oklahoma and texas. listen, this is a big deal and i think people are going to struggle with this thing and they're not going to be happy about it and consider, these fees were really already built into the price of stuff, so you're really paying it twice. what they should do is give us a discount in cash. >> shepard: they should. >> but they're not going to do that. no. >> shepard: thank you. a real shock shock today. shares of apple fell far from the tree and rotted in the orchard. the tech giant price per share off 12% today alone. off 36% from the high. quarterly earnings came out today, they were up but not as much as analysts expected. slowing growth, it shows. after five blockbuster years. senator john kerry did ad libbing and fought back some tears during his confirmation hearing. in his opening statement, he added a mention of his trip to vietnam with senator
. >> you're paying 8 or 9% in sales tax and now this. in some states, this is illegal. >> yeah. okay. here are the lucky people in california, colorado, connecticut, florida, kansas, maine, massachusetts, new york, oklahoma and texas. listen, this is a big deal and i think people are going to struggle with this thing and they're not going to be happy about it and consider, these fees were really already built into the price of stuff, so you're really paying it twice. what they...
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. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other indicators remain positive. >> consumer spending increased. business investment; particularly, for equipment and software was strong. residential construction was strong. we are seeing signs of that in the jobs report. >> it also showed a larger number of people dropped out of the labor force than found jobs. former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fair number of people retiring every month for the next ten years or more as the baby boom is retiring. >> actually, the conference
. >> we have massive deficit, big tax increase. no apparent willingness to get government off people's backs by reducing government spending. all of that is a heavy weight on the private sector. firms around the nation are sitting on their cash instead of creating jobs. >> on wednesday, the commerce department announced economic growth fell to a minus tenth of a percent, the last three months of last year. so the chairman of the president's council of economic advisors says other...
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what we saw was a deal, as i said, that restored tax cuts to 99% of american taxpayers, and we put off the question with of these very serious, draconian, across-the-board, blunt cuts to nestic and defense -- domestic and defense programs and as president obama said in his debate in the fall with mitt romney simply were not going to happen. his own defense secretary said they would be so damaging to the military, he has been urging the president repeatedly not to let them come online. and so we're looking at a situation where we actually has the chance to engage with the congress. republicans are waiting because they don't want to raise more taxes to see what spending cuts he would replace them with. but this is not a situation where republicans are to blame about the sequester. there's bipartisan complicity in coming to those numbers and blame if we go into the sequester. but the president ultimately knows he can't have a good second term, he can't get these other controversial initiatives passed if he's fighting with republicans about spending cuts, um, in a very bad environment with
what we saw was a deal, as i said, that restored tax cuts to 99% of american taxpayers, and we put off the question with of these very serious, draconian, across-the-board, blunt cuts to nestic and defense -- domestic and defense programs and as president obama said in his debate in the fall with mitt romney simply were not going to happen. his own defense secretary said they would be so damaging to the military, he has been urging the president repeatedly not to let them come online. and so...
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guy gantic bonuses before the big tax hike. what scared me spending was really below estimates. feels like maybe the american people are beginning to hunker down. that has been a major problem. even though people give the president, you know, props if you will, in their own lives they're really not acting out on it. martha: one of the things we talk about, consumer spending. we just started to absorb the fact everyone is paying higher taxes across the board. if you make $50,000, you're, it is going up by a thousand dollars for, most people across the board. so, you know, i'm concerned about the next quarter. one quarter can be an anomaly. you have two back-to-back you've got a recession. >> martha, we have to be real an candid and face the fact that the deal on the fiscal cliff, the three-month extension on the debt ceiling, have done absolutely nothing to resolve our long-term fiscal challenges. and given the fact that we have no long-term agreement, consumers are doing exactly what you're saying. they're hungering down becaus
guy gantic bonuses before the big tax hike. what scared me spending was really below estimates. feels like maybe the american people are beginning to hunker down. that has been a major problem. even though people give the president, you know, props if you will, in their own lives they're really not acting out on it. martha: one of the things we talk about, consumer spending. we just started to absorb the fact everyone is paying higher taxes across the board. if you make $50,000, you're, it is...
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next taxes on small businesses. again, a majority indicate they are hurting business a great deal. rounding out the top five worries the price of energy, government regulations and the federal debt ceiling. in a separate questionnaire, owners flagged concerns for not hiring. 6 out of 10 said again wore areries about the potential cost of healthcare but three other reasons for not adding workers topped that. the reasons they gave, 81% said they do not need additional help. three quarters blamed revenues and sales. and two thirds point to worries about the overall u.s. economy. that said, there are some bright spots in the survey. overall, u.s. small biz owners optimistic with their environment this month. the small business index jumped to a positive number plus nine after plummeting to negative 11 in the last quarter. that was taken right after the presidential election. still, owner optimism is far below the recent high in april of last year. the bottom line, the bottom line of our nation's biggest hirers is making them worry about adding new workers and it is healthcare costs tha
next taxes on small businesses. again, a majority indicate they are hurting business a great deal. rounding out the top five worries the price of energy, government regulations and the federal debt ceiling. in a separate questionnaire, owners flagged concerns for not hiring. 6 out of 10 said again wore areries about the potential cost of healthcare but three other reasons for not adding workers topped that. the reasons they gave, 81% said they do not need additional help. three quarters blamed...
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the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a teenager in america, unemployment is almost 24%. that is ridiculous when you talk --. martha: greece for that population there. bill: the next generalmation of americans have to deal with that? we'll talk about that in a moment. martha: tough picture. speaking of lay youfls we've been talking about the president happenedding a pink slip to the group he formed to bring back jobs. charlie and i were discussing about that. was the jobs council an exercise if futility or did it have meaning? they don't want it anymore. bill: 7.9%. >>> a 5-year-old boy is still held hostage in a underground bunker. how
the company blames the new health care law for that reason, specifically the medical device tax. london-based smith & nephew specializing in developing orthopedic reconstruction products says the cuts are necessary to deal with the new cost associated with the tax. that is 2.3%. expected to raise nearly $30 billion over the next decade. a majors is source of consternation for many of these companies. they fought it and fought it and they lost in the end. on this jobs thing, if you're a...
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. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator rubio has been able to persuade so many people on the right and some -- he's a tea party favorite that this is the time to get it done, and i think from the president's perspective it's key to his legacy to his second term agenda. uma: on the other side of this, from the g.o.p. if they do get a deal done this will hopefully operate door for more hispanics to take a second look at the g.o.p. >> absolutely. what bothers me. we are on a fast track. how much will this cost. how much will we add to medicare. social security, food stamps and so on. we will ram this through likely did with healthcare and three years f
. >> maybe they want to continue living illegally and not paying taxes and enjoying all the benefits. uma: juan, do you think this the end it will be a big showdown with the president and congress over this security issue? >> it could be. but i don't think that either side wants it to slow down this process. i think we are on a fast track, uma. i think that both republicans and democrats see political advantage to getting a deal done and want it done. i think that's why senator...
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revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point where you say enough is enough. i've done my fair share. >>steve: why live in that state when you can move to another state like florida or texas where they don't have -- >> there's been a massive exodus out of california for a long period of time. if phil wanted to move, he'd be on the highway for hours trying to get out. >>gretchen: next, two days before the big game and harry carson, marcus allen hanging out with brian live. coming up next. eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant gives you 1% cash back on all p
revolt, that they don't really want to pay these taxes? >> they're crying uncle or uncle sam. after awhile when you squeeze tight and tight and tight -- of course last week phil mickelson was at the brunt of it but he's not the first one. tiger woods came out to his defense and said i left california a long time because of the crazy taxes. by the way, you guys know proposition 30, which layers on. imagine paying 43% to the federal government and another 13% to your state. there is a point...
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you pay the credit card interest, you pay state tax, this tax, now i'm going to have to pay when i go in there. who even wants to shop? it will hit the small guy. >> gretchen: it is. and some small retailers will make decisions not to do it. >> wal-mart is on board with that. the mom and pops are the ones that may actually have to do this. >> gretchen: here is the statement from wal-mart. we're not interested in surcharging customers nor allowing credit credit card companies to charge unpaid fees. many ask if you charge on-line, which rule will you fall in? >> brian: we'll watch you on the "fox business" network. good job. thanks. >> gretchen: sheriff taking a whole lot of heat for this psa. >> with officers laid off and furloughed, simply calling 911 and waiting is no longer your best option. you could beg for mercy from a violent criminal, hide under the bed or fight back. >> gretchen: some say this is fear morning. others say he's right on. >> brian: then parents banned from visiting their kids at school. one side says yes, the other no. we'll expand on it . i've been on the fence
you pay the credit card interest, you pay state tax, this tax, now i'm going to have to pay when i go in there. who even wants to shop? it will hit the small guy. >> gretchen: it is. and some small retailers will make decisions not to do it. >> wal-mart is on board with that. the mom and pops are the ones that may actually have to do this. >> gretchen: here is the statement from wal-mart. we're not interested in surcharging customers nor allowing credit credit card companies...